07-24-2013, 08:28 PM
..."Elsewhere, it (Oil Search) said it was watching negotiations between InterOil and ExxonMobil regarding to development of PRL15 “with interest”.
It is thought the PRL could hold enough gas to feed another train at the PNG LNG site and Oil Search said it could get in on the action.
“Should this gas be brought into the PNG LNG project, it is likely that Oil Search will have an opportunity to participate in this expansion,” it said in its quarterly statement."
Whew!!!
Sound like OSH has no veto power over the IOC/XOM deal afterall.
The industy experts on Yahoo were claiming veto power were just wrong......or intentionally wrong...sigh.